City of Scottsdale AZ Rises 12% in Properties Sold

Scottsdale posted a total of 6,454 residential properties sold year to date as of October 2015. The average closed sales price of $496,160 saw a reduction of .8% below the average closed price of $500,112 from this time range in 2014. Compared to this time range one year ago, which had 5,787 sold properties, Scottsdale saw an 11.5% advance in overall amount of sold listings, a year-over-year gain 667 closed sales transactions. With 1,198 residential property sales year to date, the 300,000-399,999 price bracket posted one of the highest numbers of closed sales.

House Listing Prices Show 4.6% Gain. By the end of October, Scottsdale reported a total of 13,230 actively listed houses for sale this year. Reporting 1,998 houses for sale the 300,000-399,999 price category showed one of the largest numbers of properties listed. The overall inventory of active residential listings in Scottsdale experienced a 2.5% increase compared to the same reporting period one year ago, which posted 12,902 properties for sale, a year-to-year rise of 328. The average active listed price year to date of $709,515 recorded an increase of 4.6% above the average price of $678,450 from the same time range a year ago. The average days on market for active for sale homes in Scottsdale was 97 days through the end of October. This is a 1.0% gain from the average compared to the same time range during 2014. Homes for sale are taking longer to sell this year on average.

Data supplied by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive current local real estate info or to request a complimentary evaluation of your current property, please call Scottsdale real estate listing agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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